DGAP-Information: Baader Financial institution with a constructive outcome within the first half of 2022 and progress in B2B exercise within the European market | 07/28/22

DGAP-Information: Baader Financial institution AG / Key phrase(s): Half-year outcomes

Baader Financial institution with a constructive outcome within the first half of 2022 and progress in B2B exercise within the European market

07/28/2022 / 07:30
The issuer/writer is accountable for the content material of the notification.

Baader Financial institution with a constructive outcome within the first half of 2022 and progress in B2B exercise within the European market

All data is provisional and unaudited group figures

For the primary half of 2022, Baader Financial institution recorded a pre-tax revenue of 11.0 million euros within the group. The 5.2% improve in fee revenue amounted to €56.0 million and illustrates the course of recent enterprise progress. Nonetheless, the troublesome inventory market setting has a unfavourable affect on the business outcome, which stands at a reasonable stage of 68.7 million euros (first half of 2021: 115.0 million euros). 8.7 million euros had been allotted to the fund for normal banking dangers within the first half of 2022 (first half of 2021: 18.4 million euros).¹

The revenue contributions of the three subsidiaries of the Baader Financial institution group, the Swiss group Baader Helvea, Baader & Heins Capital Administration AG and the Selan group all contributed positively to the consolidated half-year outcome.

Continued progress of B2B platform enterprise with concentrate on European markets

Baader Financial institution’s account and custody enterprise is exhibiting indicators of continued sturdy progress. Regardless of market fluctuations, the quantity of securities accounts elevated by 14% to a complete of 14 billion euros within the Group (31 December 2021: 12.3 billion euros). Financial savings plan provides (ETFs) particularly are attracting eager curiosity from personal traders. With roughly 700,000 filings, the variety of filings elevated by an extra 39% year-to-date within the first half of 2022 (December 31, 2021: 502,000 filings).

Along with the fixed acquisition of recent B2B companions, the event of European markets additionally performs an necessary position. Corresponding B2B cooperations are already carried out in France, Italy, Spain and Poland. Baader Financial institution’s strategic course is to allow worthwhile neo-broker fashions past the DACH area, with Baader Financial institution as its platform and one of many main securities and banking companions in Europe.

Difficult market making setting characterizes earnings growth

The business result’s strongly influenced by a stable first quarter and a really troublesome subsequent setting for market makers, particularly within the second quarter. That is defined by weak financial progress, complemented by considerations about world recession and inflation, rising rates of interest and continued uncertainties within the context of the Russian-Ukrainian battle and the related looming vitality disaster.

Along with fluctuating volatility, the setting is characterised by comparatively steady inventory market rotation, though barely down within the second quarter. Nonetheless, the exercise of buying and selling individuals turned directionless within the second quarter, which is the most important problem for market makers.

Working revenue impacted by non-directed transactions within the second quarter

Alongside the event of the business outcome, the group’s complete income of 84.8 million euros is round 37% decrease than within the very sturdy interval of the earlier 12 months (first half of 2021: 135.6 million euros). The fee outcome quantities to a complete of 8.6 million euros (first half of 2021: 9.7 million euros) and is structurally influenced by the fee bills associated to buying and selling. Fee prices elevated barely because of the enlargement in enterprise quantity.

Present revenue and curiosity revenue are approaching constructive territory at -0.1 million euros within the first half of 2022. It’s to be anticipated that this development will strengthen in the course of the 12 months.

Investments in folks, IT infrastructure and innovation continued steadily

Complete bills had been decreased within the first half of 2022 consistent with the general growth and in addition decreased in comparison with the identical half of the earlier 12 months. They quantity to 73.8 million euros (first half of 2021: 91.8 million euros). Regardless of the reasonable improve within the variety of workers, personnel bills decreased by 23% to 32.7 million euros in comparison with the primary half of the earlier 12 months.

Different administrative and different working bills elevated by 22% to €31.3 million. This improve is principally defined by new investments within the IT infrastructure to optimize the functionalities of the platform.

As of June 30, 2022, the variety of workers (calculated as full-time positions) within the group was 480 (December 31, 2021: 448).

Robust capitalization helps progress trajectory

As of June 30, 2022, Baader Financial institution’s stability sheet complete elevated by round 32% in comparison with the top of the earlier monetary 12 months and reached €2.4 billion (December 31, 2021: €1.8 billion). euro). Because of the capital retention recorded within the first quarter, Baader Financial institution continues to point out a excessive CET 1 ratio (widespread fairness ratio) of 21.13% (31/12/2021: 22.1%).

With the rise in fairness and the rise within the stability sheet complete, the capitalization of Baader Financial institution stays sturdy, in order that future progress efforts are sufficiently supported by fairness. Earnings per share are EUR 0.12 (first half of 2021: EUR 0.79). On July 7 of this 12 months, the Annual Basic Assembly authorized the fee of a dividend of EUR 0.35 per dividend-entitled share for the monetary 12 months 2021.

Second half below the signal of decreased uncertainties

Within the second half of 2022, business actions will concentrate on medium and long-term strategic goals. Baader Financial institution positions itself as one of many principal companions for securities and banking companies in Europe and, due to this fact, as a high quality supplier in addition to a reliable accomplice and operator of a number one platform on the technological and procedural stage. The circumstances vital for the continuation of the focused progress are met.

Along with the sturdy capital base, the environment friendly IT and course of infrastructure allows dependable supply by Baader Financial institution as a resilient accomplice within the world capital market setting. Because of the sturdy capital and liquidity base, the persistently excessive buying and selling volumes might be processed reliably even in notably risky market phases. This efficiency promise underlines Baader Financial institution’s requirement to be a high-performance financial institution.

Assuming a normalization of the markets within the second half of the 12 months, the Govt Board sticks to the forecast introduced at the beginning of the 12 months. For the remainder of the 12 months, administration expects a seasonally weak market growth within the third quarter and eventually stimulating market impulses within the fourth quarter. It should be taken under consideration that, making an allowance for the imponderable and exogenous influencing components, the Govt Board considers that dependable forecasts of enterprise developments can solely be made to a restricted extent.

Overview of key figures for the primary half of 2022 ²
All figures are provisional and unaudited

P&L key figures
1st semester 2022
in tens of millions of euros
1st semester 2021
in tens of millions of euros
in %
Earnings 84.8 135.6 -37.4
Ranging from
Curiosity revenue and present revenue -0.1 -0.5 -87.3
fee outcome 8.6 9.7 -10.5
fee revenue 56.0 53.2 5.2
enterprise outcome 68.7 115.1 -40.3
revenue 5.2 5.7 -8.7
Different revenue 2.3 5.6 -58.2
spent -73.8 -91.8 -19.6
Ranging from
Private bills -32.7 -42.3 -22.8
Different administrative prices and different working prices
-31.3 -25.5 22:4
Amortization of intangible property and
Mounted property
-5.0 -4.2 19.6
Different impairments / provisions for dangers 3.8 -1.4 > 100
of which write-downs/recoveries of receivables and sure securities in addition to allocations to provisions within the credit score exercise 3.8 -1.4 > 100
Allocations to the fund for normal banking dangers -8.7 -18.4 -52.7
Revenue earlier than tax (EBT) 11.0 43.8 -74.9
Working outcome ³ 14.6 59.4 -75.5

stability sheet ratios
in tens of millions of euros
in tens of millions of euros
in %
complete property 2,401.9 1,819.7 32.0
Frequent Fairness Tier 1 (CET 1) ratio 21.13% 22.1%

¹ The allocation to the fund for normal banking dangers additionally takes under consideration the statutory allocation to the fund for normal banking dangers in line with § 340 e) HGB on the finish of the 12 months.

² Baader Financial institution Group monetary figures, all figures are provisional and unaudited, accounted for in accordance with the provisions of the German Business Code (HGB).

³ Gross revenue (= curiosity outcome + present revenue + fee and business outcome + turnover) much less personnel and different administrative bills in addition to amortization of intangible property and tangible property.

For extra data and media requests:

Florian E. Schopf


firm spokesperson

Group Technique & Communication Supervisor

T +49 89 5150 1013
M +49 160 7188826



Baader Financial institution Ltd.

Weihenstephaner Strasse 4

85716 Unterschleissheim, Germany

07/28/2022 Publication of a Company Information/Monetary Information, transmitted by the DGAP – a service of EQS Group AG.
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